Allspring’s closed-end fund declares monthly distributions

charlotte, north carolina, January 26, 2024 /PRNewswire/ — AllSpring Income Opportunities Fund (NYSE American: EAD), AllSpring Multi-Sector Income Fund (NYSE American: ERC), AllSpring Utility and High Income Fund (NYSE American: ERH) announced their respective distributions. .

The following dates apply to each fund’s current distribution declaration:

These funds provide monthly distributions to the fund’s common shareholders at a fixed annual minimum interest rate of 7% for the AllSpring Utilities and High Income Fund and 8.75% for the AllSpring Income Opportunities. Distributions are made in accordance with the declared management distribution plan. For the AllSpring Multi-Sector Income Fund, it is 8% based on the fund’s average monthly net asset value (NAV) per share over the past 12 months. In a managed distribution plan, distributions are funded from income and may also be funded from paid-in capital and/or capital gains. A Fund’s distributions in any period may be more or less than the Fund’s net income on its investments and should not be used as a measure of performance or confused with yield or return. Distributions that exceed the Fund’s returns will cause the Fund’s NAV to decline. Investors should not draw any conclusions about the Fund’s investment performance from the amount of distributions or the terms of the managed distribution plan.

AllSpring Income Opportunity Fund is a closed-end, high-yield bond fund. The Fund’s investment objective is to pursue a high level of ordinary income. As a secondary objective, the Fund may pursue capital appreciation to the extent consistent with its investment objective.

Allspring Multi-Sector Income Fund is a closed-end income fund. The Fund’s investment objective is to pursue high levels of ordinary income while limiting overall exposure to domestic interest rate risk.

Allspring Utilities and High Income Fund is a closed-end equity and high-yield bond fund. The Fund’s investment objective is to pursue high levels of ordinary income and moderate capital growth, with an emphasis on providing tax-advantaged dividend income.

The final determination of funding for all dividends for the current year will be made after the end of the year. The source of the actual amounts and amounts for tax reporting purposes will depend on the Fund’s investment experience during the remainder of the fiscal year and may change based on tax laws. Each Fund will send its shareholders a Form 1099-DIV for the calendar year informing them how to report these distributions for federal income tax purposes.

For more information about Allspring’s closed-end funds, please see below. www.allspringglobal.com.

These closed-end funds are no longer available in public offerings and are offered only through broker-dealers in the secondary market. Closed-end funds are not required to buy back their own shares from investors upon request. The Fund’s shares may trade at a premium or discount to the Fund’s net asset value, and there can be no guarantee that the discount will decrease. The value of securities held by the Fund and/or the income generated by the securities may decline due to general market conditions and other factors, including factors directly related to the issuer of such securities.

The value of stocks fluctuates depending on factors specific to the issuer of the security. Debt securities are subject to credit risk and interest rate risk, and high-yield and unrated securities with similar credit quality have a much greater risk of default and are more volatile in value than highly rated securities with similar maturities. There is a tendency. Foreign investments may involve more risks due to the inherent risks associated with changes in political conditions, foreign market volatility, currency fluctuations, etc. Emerging and developing markets increase the risk of international investments. A fund that concentrates its investments in a single industry or sector may be at greater risk of price fluctuations than a more diversified fund due to adverse developments within that industry or sector. Small and mid-cap stocks may be exposed to special risks due to their narrow product lines and limited financial resources compared to large-cap stocks. Each Fund is leveraged through a revolving credit facility and may also be leveraged through the issuance of preferred stock in the future.

The use of leverage involves certain risks, including the potential for greater volatility in the net asset value and market price of our common stock. Derivatives involve additional risks, such as interest rate risk, credit risk, risk of inadequate valuation, and risk of non-correlation with related instruments that are designed to be hedged or closely tracked. Trading options on securities involves a number of risks.

Allspring Global Investments™ is the trading name of the asset management company of Allspring Global Investments Holdings, LLC, a holding company indirectly owned by GTCR LLC and certain private funds of Reverence Capital Partners, LP. These companies include, but are not limited to, Allspring Global Investments. , LLC, and Allspring Fund Management LLC. Certain products managed by Allspring entities are distributed by Allspring Funds Distributor, LLC, a broker-dealer and member FINRA/SIPC. Allspring is affiliated with Galliard Capital Management LLC, an investment advisor not part of the Allspring/GIPS Company.

This material is for general informational and educational purposes only and is not intended to provide investment advice or recommendations of any kind, including recommendations for specific investments, strategies, or plans.

Some of the information contained herein may include forward-looking statements regarding the Fund’s anticipated investment activities. These statements are not guarantees as to the Fund’s actual investment activities or results. Readers should independently evaluate the information contained herein and consider other factors that they believe are relevant to their individual circumstances.

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© 2024 Allspring Global Investment Holdings LLC. All rights reserved.

Source Allspring Global Investments